216
216
tv
eye 216
favorite 0
quote 0
warren buffett said politicianless should stop using the debt ceiling in debates and says it is like nuclear bombs, too horrible to use the treasury will run out of money october 17th if congress doesn't increase the debt limit. >>> united technology is canceling plans to furloughing 4,000 workers after most civilian employees were sent home and the federal shut down put back to work. the military contractor planned to put sick corky and pratt and whitney workers on leave beginning today. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> 5:18. how is this for great gratuity? a regular customer gave a bartender his keno ticket as a thank you it turned out to be that bartender's lucky day because that keno ticket was worth more than $17,000. she tried to give it back, he told her it was hers to keep. she say she is plans to buy a new couch and put the rest into savings. that is a lot to put into savings. >> unless you buy a really expensive couch. >> nice he let her keep it. a lot of people out there. here is $20. >> that ticket, please? >> how is it
warren buffett said politicianless should stop using the debt ceiling in debates and says it is like nuclear bombs, too horrible to use the treasury will run out of money october 17th if congress doesn't increase the debt limit. >>> united technology is canceling plans to furloughing 4,000 workers after most civilian employees were sent home and the federal shut down put back to work. the military contractor planned to put sick corky and pratt and whitney workers on leave beginning...
104
104
Oct 11, 2013
10/13
by
KGO
tv
eye 104
favorite 0
quote 0
ceiling. >> extend the debt ceiling. if they can't do it for a long time, do it for the period of time in which these negotiations have taken place. >> reporter: democrats were cautiously optimistic saying the presidcod pr >> our emphasis is to solve the problem, open government. >> reporter: congressional sources tell abc news they expect the gop proposal to come up for a vote in the house on friday. >> i would hope the president will look at this as an opportunity and a good faith effort on our part to move halfway, halfway to what he commanded in order to have the conversation begin. >> earlier jack lew told the senate hearing what dire circumstances we could expect from a government default. >> if congress fails to meet its responsibility, it could deeply damage financial markets, the ongoing economic recovery and the jobs and savings of millions of americans. >> reporter: white house spokman ey short-tebt eo, h made it clear te wouldstroer a also reopen the gover john and diana. >> thank you. >>> foster farms proces
ceiling. >> extend the debt ceiling. if they can't do it for a long time, do it for the period of time in which these negotiations have taken place. >> reporter: democrats were cautiously optimistic saying the presidcod pr >> our emphasis is to solve the problem, open government. >> reporter: congressional sources tell abc news they expect the gop proposal to come up for a vote in the house on friday. >> i would hope the president will look at this as an...
114
114
tv
eye 114
favorite 0
quote 0
ceiling limit. >> he has to worry about that. and his team has said if we go over the debt limit and risk default, that would be catastrophic for the united states economy. but i have to say, from the president on down, the white house and democrats united around the idea that they are not going to negotiate around this debt limit or around the government shutdown. now, the trick at the end is going to be for the president to make some kind of concession to the republicans to give them an exit ramp, as well, without admitting he's doing it. >> as for now, he's dug his heels in. both sides have. it will be an interesting conversation you have with him. thank you so much, george. you can see all of george's exclusive interview with house speaker john boehner later this morning on abc's "this week." >>> we're going to turn to the extreme weather playing out through large parts of the country. a monster tornado taking out an airport, while others are digging out from an epic snowstorm. there's karen in the gulf. ginger zee is in empi
ceiling limit. >> he has to worry about that. and his team has said if we go over the debt limit and risk default, that would be catastrophic for the united states economy. but i have to say, from the president on down, the white house and democrats united around the idea that they are not going to negotiate around this debt limit or around the government shutdown. now, the trick at the end is going to be for the president to make some kind of concession to the republicans to give them an...
221
221
Oct 15, 2013
10/13
by
KGO
tv
eye 221
favorite 0
quote 0
economists say not raising the debt ceiling by thursday could lead to a recession. after thursday, the government would have enough pay to pay two-thirds of its bills. 106 billion short of $328 billion in commitments. the international monetary fund is warning of a global financial catastrophe if the u.s. defaults. >> it would bring so much uncertainty and so much risk of disruption that the standing of the u.s. economy would again be at risk. >> reporter: a default could have far-reaching consequences for your personal finances. your retirement accounts could lose value and loans for cars and homes could be more expensive and difficult to get. many analysts believe a deal will be reached before thursday. but that's not a certainty, which is enough to rattle financial markets and worry leaders around the world. wendy gillette, abc news, new york. >>> partisanship will be put aside today at the white house when president obama presents the medal of honor to former army captain william swenson. he is being recognized for bravery in a battle in afghanistan in 2009. the
economists say not raising the debt ceiling by thursday could lead to a recession. after thursday, the government would have enough pay to pay two-thirds of its bills. 106 billion short of $328 billion in commitments. the international monetary fund is warning of a global financial catastrophe if the u.s. defaults. >> it would bring so much uncertainty and so much risk of disruption that the standing of the u.s. economy would again be at risk. >> reporter: a default could have...
514
514
Jan 15, 2013
01/13
by
KGO
tv
eye 514
favorite 0
quote 0
but house republicans have been equally adamant they will not raise the debt ceiling unless the president first agrees to major spending cuts. >> i think the real issue here is, we all know, is spending. >> reporter: the president insists this is not even a subject for negotiation. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: stakes are higher than they were during the new year's eve showdown over the fiscal cliff. if an agreement isn't reached, the federal government faces default on its debt and a partial shutdown. >> social security checks and veterans benefits will be delayed. we might not be able to pay our troops. >> reporter: some have suggested president obama would have better luck with the republicans if he socialized with them. the president said that probably wouldn't make much of a difference, but he wouldn't mind trying. >> most people who know me, know i'm a pretty friendly guy. and i like a good party. >> jon, the president also talked about pr
but house republicans have been equally adamant they will not raise the debt ceiling unless the president first agrees to major spending cuts. >> i think the real issue here is, we all know, is spending. >> reporter: the president insists this is not even a subject for negotiation. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: stakes are...
192
192
tv
eye 192
favorite 0
quote 0
so they've passed a law to temporarily not enforce that debt ceiling until may. so two big deadlines. march 1 and may 18. >> we do a lot of kicking the can. but almost always they come to a resolution in the 11th hour, like karen said. and there is some encouraging news, 157,000 new hires in january is not what they were expecting. so there some encouraging news out there. we don't have to panic. but we do need to get our pocketbooks in check. and our government has a hard time doing that. >> just because the dow is over 14,000, that's a great sign. people forget those days, 6,500 when we were at the worst of the crisis, so to be over 14,000 right now is a big deal. so we'll see what's next. >> right. let's get this going. >>> federal prosecutors are going after the huge ratings agency standards and poor's with connection to the mortgage meltdown. they accuse the company of lighting the financial fuse that helped start the financial meltdown. the justice department claims that s&p kept giving top ratings investments its own analysts warned were too risky. >> whil
so they've passed a law to temporarily not enforce that debt ceiling until may. so two big deadlines. march 1 and may 18. >> we do a lot of kicking the can. but almost always they come to a resolution in the 11th hour, like karen said. and there is some encouraging news, 157,000 new hires in january is not what they were expecting. so there some encouraging news out there. we don't have to panic. but we do need to get our pocketbooks in check. and our government has a hard time doing...
445
445
Jan 16, 2013
01/13
by
KGO
tv
eye 445
favorite 0
quote 0
could run out of money to pay its bills by the end of february if that debt ceiling isn't raised. congress is preparing to debate it, but it could be a politically charged battle. >>> all right. a big political comeback getting underway today. you might remember former south carolina governor mark sanford. well, back in 2009 he admitted to having an affair with a woman from argentina, who is now his fiance. he announced he's running for his old congressional seat. >>> all right. and you don't hear a story like this often. it comes to us from the suburbs of stockholm, sweden. that's where a cleaning lady stole an empty commuter train and drove it into an apartment building. >> she was at the controls for about a mile. then the train derailed before hitting the building. the woman was seriously injured. she was the only person hurt. i guess she was the only one on the train. >> not good. what were you thinking? >> i wonder why she did that. >> i don't know. >> we need more information on that one. >> yeah, we do. >>> let's talk about our wednesday weather. heavy rain from the gulf c
could run out of money to pay its bills by the end of february if that debt ceiling isn't raised. congress is preparing to debate it, but it could be a politically charged battle. >>> all right. a big political comeback getting underway today. you might remember former south carolina governor mark sanford. well, back in 2009 he admitted to having an affair with a woman from argentina, who is now his fiance. he announced he's running for his old congressional seat. >>> all...